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MMK Group Announces Operational Results for Q1 2015
04/23/2015 - MMK Group’s overall crude steel output in Q1 2015 totalled 3,228 thousand tonnes (+5.1% q-o-q; +1.3% y-o-y). Overall steelmaking capacity utilisation at the main Magnitogorsk site in Q1 2015 exceeded 92%. At the same time, converter production operated at 100% of capacity.
Other Q1 2015 highlights as compared to Q4 2014 and Q1 2014:
• MMK Group’s overall finished steel products shipments in Q1 2015 (excluding intra-group sales) amounted to 2,946 thousand tonnes (+1.1% q-o-q; +0.9% y-o-y).
• MMK Group’s HVA steel products output in Q1 2015 totalled 1,365 thousand tonnes (+1.5% q-o-q; +6.5% y-o-y). The share of HVA products in the total output volume increased versus both Q4 2014 and Q1 2014, amounting to 46.3%. Capacity utilisation of key rolled production facilities (mill 5000 and mill 2000 c/r) amounted to 100%.
• Production of Belon coal concentrate in Q1 2015 amounted to 594,000 tonnes (-33.0% q-o-q; -16.6% y-o-y).
• In-house consumption of iron ore produced by the Group in Q1 2015 decreased by 6.4% q-o-q to 763,000 tonnes.
For the full report, visit: http://eng.mmk.ru/
MMK is one of the world's largest steel producers and a leading Russian metals company. The company's operations in Russia include a large steel producing complex encompassing the entire production chain, from preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2014, the company produced 13.0 million tonnes of crude steel and 12.2 million tonnes of commercial steel products. MMK Group had sales in 2014 of USD 7,952 million and EBITDA of USD 1,607 million.
• MMK Group’s overall finished steel products shipments in Q1 2015 (excluding intra-group sales) amounted to 2,946 thousand tonnes (+1.1% q-o-q; +0.9% y-o-y).
• MMK Group’s HVA steel products output in Q1 2015 totalled 1,365 thousand tonnes (+1.5% q-o-q; +6.5% y-o-y). The share of HVA products in the total output volume increased versus both Q4 2014 and Q1 2014, amounting to 46.3%. Capacity utilisation of key rolled production facilities (mill 5000 and mill 2000 c/r) amounted to 100%.
• Production of Belon coal concentrate in Q1 2015 amounted to 594,000 tonnes (-33.0% q-o-q; -16.6% y-o-y).
• In-house consumption of iron ore produced by the Group in Q1 2015 decreased by 6.4% q-o-q to 763,000 tonnes.
For the full report, visit: http://eng.mmk.ru/
MMK is one of the world's largest steel producers and a leading Russian metals company. The company's operations in Russia include a large steel producing complex encompassing the entire production chain, from preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2014, the company produced 13.0 million tonnes of crude steel and 12.2 million tonnes of commercial steel products. MMK Group had sales in 2014 of USD 7,952 million and EBITDA of USD 1,607 million.
